Filing Flows › FGI Industries (FGI) › Q4 2025
FGI Industries (FGI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Apr 10, 2026
FGI Industries (FGI) reported revenue of $30.5M for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and -15% from the quarter before. Operating margin was -2.2%, net loss $3.0M (9.8% of revenue).
FGI Industries, Q4 2025: revenue $30.5M (-14% year over year), operating margin -2.2%, net loss $3.0M, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.5M | -15% | -14% |
| Operating profit | −$659K | -278% | — |
| Net earnings | −$3.0M | — | — |
| Operating cash flow | $2.3M | — | +280% |
| Free cash flow | $2.3M | — | — |
What changed
Revenue was $30.5M in Q4 2025, down 14% year over year and down 15% from the previous quarter. Sanitaryware was the largest line at 63% of revenue.
Gross margin was 26.7%, up 2.2 points from Q4 2024. Operating costs exceeded revenue by $659K, an operating margin of -2.2%. Operating expenses fell 12% while revenue fell 14%. The quarter ended with a net loss of $3.0M, wider than the previous quarter's $1.9M loss. Minority interests bore $370K of it: to shareholders the quarter was a loss of $2.6M.
Operating cash flow was $2.3M (up 280% year over year). Non-cash charges added back $750K of depreciation and amortization and $18K of share-based compensation. Working capital and other items added $4.6M. Capital expenditures of $67K left free cash flow of $2.3M.
Questions
What was FGI Industries' revenue in the fourth quarter 2025?
FGI Industries (FGI) reported revenue of $30.5M for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and -15% from the quarter before.
Was FGI Industries profitable in the fourth quarter 2025?
Operating loss was $659K (-2.2% of revenue) and net loss $3.0M.
Source: FGI Industries 10-K on SEC EDGAR.